Prudential Real Estate Investors announces new CEO

Prudential Real Estate Investors, a Madison division of Newark-based Prudential Financial Inc., has announced Eric Adler has been named CEO of the Madison-based real estate firm.

Adler succeeds Allen Smith, who will end 26 years at Prudential to become president and CEO of Four Seasons Hotels and Resorts.

Adler, currently PREI’s chief investment officer, joined the company in 2010 as head of its European operations. He was promoted to chief investment officer in January 2013 to oversee the company's global investment and risk management processes as part of the company's long-term succession plan.